OppFi upgraded to Outperform from Market Perform at Citizens JMP

Citizens JMP upgraded OppFi (OPFI) to Outperform from Market Perform with a $13.50 price target The firm is “incrementally encouraged” by the company’s improving and stable credit profile, reacceleration of volume growth within a “still-tightened credit box,” expanding operating leverage ,improving funding and liquidity profile, and “relatively benign” competitive environment for the company’s core triple-digit personal loan product. OppFi management remains confident in near-term growth, while maintaining prudent underwriting standards, the analyst tells investors in a research note.